Soybean futures stabilized today after yesterday’s significant break. There is a threat of a trucker’s strike in Brazil next week, which might have slowed the downward momentum. General Comments Corn, wheat and soybean futures were under pressure overnight and this morning following yesterday’s unexpected rout. Markets turned decidedly lower at 7:30 a.m. when the U.S. dollar soared on a good U.S. payroll report. There were no export sales announcements to end the week. Markets slowly started to climb out of the hole after 9:30 a.m., led by the soybean market moving back to unchanged or slightly higher. Corn was the weakest from a relative standpoint. USDA will release its November WASDE on Tuesday, 10 November. It is expected that the cor...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
From WPI Consulting
Forecasting developments in production agriculture
On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.